Systemic liquidity in the Federal Funds Market

American Economic Review

Volumn 97, Issue 2, 2007, Pages 221-225

  Ashcraft, Adam B ^a   Duffie, Darrell ^b  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

^b STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34547297871     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.97.2.221     Document Type: Conference Paper

References (10)

1. Ashcraft, Adam, Darrell Duffie, and James J. McAndrews. 2007. "Over-the-Counter Search Frictions: A Case Study of the Federal Funds Market." Unpublished.
2. Cocco, João, Francisco Gomes, and Nuno Martins. 2005. "Lending Relationships in the International Market." Unpublished.
3. Duffie, Darrell, Nicolae Gârleanu, and Lasse H. Pedersen. 2005. "Over-the-Counter Markets." Econometrica, 73(6): 1815-47.
4. Furfine, Craig H. 1999. "The Microstructure of the Federal Funds Market." Financial Markets, Institutions and Instruments, 8(5): 24-44.
5. Furfine, Craig H. 2001. "Banks as Monitors of Other Banks: Evidence from the Overnight Federal Funds Market." Journal of Business, 74(1): 33-57.
6. Hamilton, James D. 1996. "The Daily Market for Federal Funds." Journal of Political Economy, 104(1): 26-56.
7. Lacker, Jeffrey M. 2004. "Payment System Disruptions and the Federal Reserve Following September 11, 2001." Journal of Monetary Economics, 51(5): 935-65.
8. Lagos, Ricardo. 2005. "Asset Prices and Liquidity in an Exchange Economy." Unpublished.
9. McAndrews, James J., and Simon M. Potter. 2002. "Liquidity Effects of the Events of September 11, 2001." Federal Reserve Bank of New York Economic Policy Review, 8(2): 59-79.
10. Vayanos, Dimitri, and Pierre-Olivier Weill. 2005. "A Search-Based Theory of the On-the-Run Phenomenon." Unpublished.